Small sections and merchant bars - U.S. market
Small sections and merchant bars for the week October 17, 2005 are reported as follows:ASTM A36/A6 Angles 2 x 2 x 1⁄4 $26.95 cwt. or $594.15/mt, $539.00/nt Flat Bars 3/16 x 2 $33.65 cwt. or $741.86/mt, $673.00/nt 1⁄2 x 4 $27.65 cwt. or $609.58/mt, $558.00/nt Square Bar 1 $28.90 cwt. or $637.14/mt, $578.00/nt Round Bar 1 $28.35 cwt. or $625.01/mt, $567.00/nt Channel 3 x 3.5# $28.90 cwt. or $637.14/mt, $578.00/ntAbove prices are ex-mill and effective to customers. As of October 10, Nucor reduced the raw materials surcharge from $5.65 cwt. ($124.56/mt, $113/nt) to $3.15 cwt. ($89.45/mt, 63/nt) but raised their base prices by $1.50 cwt. ($33.07/mt, $33/nt). The net price effect was a decrease of $1.00 cwt. ($22.05/mt, $22/nt). The September raw materials surcharge was $3.65 cwt. ($73/nt, $80.47/mt).